Use the information below and prepare the Multi-Step Income Statement for Hot Place on August 31....

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Use the information below and prepare the Multi-Step Income Statement for Hot Place on August 31. Sales $1,250,000 Interest Revenue 25 Sales Discounts 15,000 Sales Returns and Allowances 30,000 Cost of Goods Sold 790,000 Delivery Expense Sales Salaries Expense Office Supplies Expense 1,600 95,000 4,300 Store Supplies Expense 725 Admin Salaries Expense 300 Depreciation Expense - Store Trucks 600 Depreciation Expense - Office Equipment 550 Rent Expense - Selling 300 Rent Expense - Office 2,100 Interest Expense Office Insurance Expense 5 350 Revenue: Sales Hot Place Income Statement For Month Ended December 31 Less: Sales Discounts Operating Expenses Selling Expenses 15000 Delivery Expense 1600 1250000 Operating Expenses Selling Expenses Delivery Expense Sales Salaries Expense Rent Expense - Selling Total Selling Expenses General and Administrative Expenses Office Supplies Expense 1600 95000 300 4300 Rent Expense - Office 2100 Office Insurance Expense 350 Depreciation Expense - Office Equipment 550 Admin Salaries Expense 300 7600 Total General & Admin Expenses Total General & Admin Expenses Total Operating Expenses Income from Operations Other Revenue / Expenses Interest Expense Net Income Question Help Read -5 7600 Use the information below and prepare the Multi-Step Income Statement for Hot Place on August 31. Sales $1,250,000 Interest Revenue 25 Sales Discounts 15,000 Sales Returns and Allowances 30,000 Cost of Goods Sold 790,000 Delivery Expense Sales Salaries Expense Office Supplies Expense 1,600 95,000 4,300 Store Supplies Expense 725 Admin Salaries Expense 300 Depreciation Expense - Store Trucks 600 Depreciation Expense - Office Equipment 550 Rent Expense - Selling 300 Rent Expense - Office 2,100 Interest Expense Office Insurance Expense 5 350 Revenue: Sales Hot Place Income Statement For Month Ended December 31 Less: Sales Discounts Operating Expenses Selling Expenses 15000 Delivery Expense 1600 1250000 Operating Expenses Selling Expenses Delivery Expense Sales Salaries Expense Rent Expense - Selling Total Selling Expenses General and Administrative Expenses Office Supplies Expense 1600 95000 300 4300 Rent Expense - Office 2100 Office Insurance Expense 350 Depreciation Expense - Office Equipment 550 Admin Salaries Expense 300 7600 Total General & Admin Expenses Total General & Admin Expenses Total Operating Expenses Income from Operations Other Revenue / Expenses Interest Expense Net Income Question Help Read -5 7600

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